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members of the City Council, and ten (10) days notice in writing is given to the owners of any property to be condemned, before approval or disapproval is voted upon by the City Council. 8. The parking authority is hereby authorized to construct or cause to be constructed public off-street automobile parking facilities above, at or below the surface of the earth, including buildings, structures, equipment, entrances, exits, fencing and other accessories necessary for the safety or convenience of persons using the facilities. The contracts for any of the above are to be awarded to the lowest responsible bidder in the same manner as contract are now authorized by law. Contracts for the construction of all parking facilitie are to be approved by the City Council. 9.-- The Parking Authority shall maintain proper accounting and financial records of all transactions and provide and file a semi-annual financial statement with the city clerk. Said reports and statement filed with the City Clerk shall be open to inspection by any interested citizen during regular hours of the city clerk. Said statement shall list an itemized account of all moneys and proceeds received from all sources. Said statement shall also list an accou ed, sub -leased or otherwise let to other parties by said of all properties leas Parking Authority as well as an itemized account of all moneys and chattels isbursed by Parking Authority for any purposes whatsoever, 10. After the master plan of automobile parking facilities has been prepared by the authority, and approved by a majority vote of the city council, parking facilities may be financed by the issuance of revenue bonds in accordanc th the authority vested by Act No 468, 1949 Acts of Arkansas. ✓�'" PASSED THIS DAY OF NOVEMBER, 1966. Clerk 1� APPROVED: